Trident Ltd.

NSE: TRIDENT | BSE: 521064 | ISIN: INE064C01022 | Industry: Textiles
| Mid-range Performer

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Trident Ltd.
16 Aug 2017
29.16
3.74%
IDBI Capital
Trident's Q1FY18 EBITDA margin was better than our estimates; however, sales growth was slightly below forecast on lower than expected towel volumes. Trident's sales stood at Rs12,785 mn (-7.1% QoQ, + 3.7% YoY). Nevertheless, EBITDA margin was ~300 bps above our estimate at 21.8% (+209bps QoQ, -27 bps YoY) on stronger-than-expected margins in Paper business. Margin improvement was led by Paper & Chemicals division with EBIT margin of 35.6% (+1082bps QoQ, +718 bps QoQ) on lower raw material costs. However, plant utilization was lower at 83% (89% in FY17) due to weak demand....
Trident Ltd. is trading below its 50 day SMA of 29.6
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